NHPC to Invest in Solar Power and Green Hydrogen in Bihar
Key Ideas
- NHPC Ltd, India's largest hydropower company, plans to invest Rs 5,500 crore in a 1,000 MW solar power project in Bihar, as announced by its chairman Raj Kumar Chaudhary.
- The company also intends to set up a small solar plant to produce green hydrogen for powering passenger buses, aligning with the government's push for clean energy sources.
- NHPC's initiative showcases a commitment to promoting sustainable energy solutions and reducing carbon emissions in the transportation sector through green hydrogen technology.
- The project's success will depend on efficient land acquisition and collaboration with the state government to ensure timely implementation of the solar power project and green hydrogen production.
NHPC Ltd, India's leading hydropower company, is embarking on a major renewable energy venture by investing Rs 5,500 crore in a 1,000 MW solar power project in Bihar. The company's chairman, Raj Kumar Chaudhary, revealed this plan at the Bihar Business Connect 2024 investor summit in Patna. In addition to the solar project, NHPC aims to install a small solar plant to generate green hydrogen, a clean energy source produced by splitting water using renewable energy. This green hydrogen will be utilized to power passenger buses, demonstrating NHPC's commitment to sustainable transportation solutions. The company's proposal aligns with the government's objective of promoting green hydrogen as a fuel. NHPC plans to finance the green hydrogen-powered buses, which will be operated by the state government as part of its clean energy promotion initiative. By leveraging solar power and green hydrogen technology, NHPC is contributing to the advancement of sustainable and eco-friendly energy solutions in Bihar and beyond. Efficient land acquisition and close collaboration with the state government will be crucial for the successful implementation of these projects and the realization of their environmental benefits.